GE Aero Q2 2024 Adj EPS $1.20 Beats $0.99 Estimate, Sales $8.220B Miss $8.462B Estimate
Portfolio Pulse from Benzinga Newsdesk
GE Aero (NYSE:GE) reported Q2 2024 adjusted EPS of $1.20, beating the $0.99 estimate by 21.21%. However, sales of $8.220 billion missed the $8.462 billion estimate by 2.86%. EPS increased by 62.16% YoY, while sales grew by 3.96% YoY.
July 23, 2024 | 10:24 am
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GE Aero's Q2 2024 adjusted EPS of $1.20 beat estimates by 21.21%, but sales of $8.220 billion missed estimates by 2.86%. EPS increased by 62.16% YoY, while sales grew by 3.96% YoY.
The significant beat on EPS is likely to have a positive impact on GE's stock price in the short term, despite the slight miss on sales. The strong YoY growth in EPS and sales further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100